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Brick Quadplex with Metal Roof
New
For Sale
$435,000

1617 Jefferson St, Morristown, TN 37814

Multi-Family, Morristown, TN

Property Size2,656 SF
Lot Size0.52 Acres
Price / SF$163.78
Days on Market1

Property Features for 1617 Jefferson St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 4
Rooms Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6
Patio and Porch features Patio
Appliances Range, Refrigerator
Subdivision Drinnon Hts
Directions Take I-40 East To Exit 421 North to Bristol. Take exit 8 to Morristown, Merge onto US-25E N, in 9.3 Miles turn left onto Cherokee Park Rd, in 0.2 miles turn left onto Buffalo Trail, 0.9 turn right onto Wagon Wheel Dr then turn left onto Shady Ln. 0.3 miles turn left onto Jefferson St. The fouplex will be on your right.
Standard status Active
APN 025H F 008.00
Size 2,656 SF
Lot size 0.52 Acres

Taxes and HOA fees

Tax Annual Amount 1873

Utilities

Heating system Zoned, Electric (Heating)
Cooling system Zoned

Building Details

Year built 1968
Number of units 4
Flooring type Tile, Vinyl
Building materials Brick
Roof type Metal
Listing Agency: Goldman Partners Realty, LLC
Listed By: Solange Velas · License #263596
Added: Sep 20 Last Checked: Sep 20 at 2:06PM
MLS# 1356141

Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,656-square-foot quadplex in Morristown, Tennessee, contains four residential units: two with two bedrooms and one bathroom, plus two with one bedroom and one bathroom. Three of the four units are currently leased. The brick property was built in 1968 and sits on 0.52 acres, with tile and vinyl flooring, range and refrigerator appliances, and washer/dryer hookups in each unit. Heating and cooling are provided through three PTAC systems and one mini-split system.

A metal roof is approximately 3 years old. Residents pay all utilities, including water. The property is located near Walmart, College Square Mall, and Walters State Community College. Additional site features include a patio and zoned electric heating and cooling.

Key Highlights

  • Four‑unit property with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
  • 2,656 square feet on 0.52 acres
  • 3 of 4 units currently leased

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Spa & Massage Center Building Supply HVAC Service Restaurant Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

117
Businesses Nearby

Demographics for 37814, TN

34,130
Population
15,287
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
43.9 sq mi
ZIP Area
777
Density / Sq Mi
$51,083
Median Household Income
$35,062
Median Earnings
$859
Median Rent
$192,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Mixed one- and two-bedroom residences feature updated flooring and in-unit laundry hookups.
Where is this quadplex located?
The property is located at 1617 Jefferson St Morristown, TN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 2,656 square feet on 0.52 acres; 3 of 4 units currently leased
More about this property
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